Let’s talk about start-ups. The Russian government recognizes that supporting promising ideas is important. For instance, recently it created the so-called FRII – Foundation for Development of Internet Initiatives. Creation of the non-governmental body was proposed by Russia’s President Vladimir Putin. In fact, it’s preparing to launch another accelerator to assist Russia’s promising start-ups. The Foundation has just announced that it would launch its next location in Crimea, which recently joined with Russia.
